Wednesday, 21 August 2013

Aaron Koenig: "Deutsche Regierung bereitet Euro-Ausstieg vor"

Ein Statement zur Bitcoin-Anerkennung durch die deutsche Regierung von BXB-Gründer Aaron Koenig 

Die offizielle Anerkennung Bitcoins als "privates Geld" durch die deutsche Regierung hat weltweit hohe Wellen geschlagen. Von Bitcoin recognized by Germany as legal tender über Germany sets standard for Bitcoin regulation bis hin zu The Bitcoin Blitzkreig - Berlin puts its towel on virtual sunlounger (LOL!) reichen die Reaktionen der internationalen Presse. Auslöser waren Anfragen des Bundestagsabgeordneten Frank Schäffler, um die er bei seinem Gastauftritt im Bitcoin-Kiez von den Teilnehmern der Diskussionsrunde gebeten wurde.

Das Wall Street Journal hat mich um meine Meinung zu diesem Thema gefragt. Ich nehme nicht an, dass sie meine komplette Antwort veröffentlichen werden, daher folgt sie hier:

"I think this statement by the German goverment is a very helpful one, as it provides legal clarity. Merchants can now start to accept Bitcoin easily, as they do not have to be afraid to do anything illegal. It is also clear now that revenues in Bitcoins are tax free in Germany when you keep them for at least a year, which is awesome.

Hence, the German government has done a great job to foster the success of Bitcoin. Maybe some wise people in the Merkel administration have read Friedrich August von Hayek's "De-Nationalisation of Money" and want to prepare Germany's exit from the Euro Zone before the Euro inevitably collapses. A move to a system of competing currencies, as Hayek suggested, is much better than a return to the D-Mark, which would not be very popular among our neighbours.

This is my own interpretation, of course the German government would never officially admit that they work on Euro exit plans, as this might cause panic on the markets. But I am sure that government experts secretly work on all kinds of exit scenarios, and a system of competing currencies, including private ones such as Bitcoin, would be by far the best one.

A free market economy has always proven to be superior to central planning. We Germans know this since Ludwig Erhard re-introduced it in West Germany after World War II, whereas East Germany suffered under a communist regime. So why should money, the economy's life blood, be controlled by a central planning authority? A central bank is a concept from the Communist Manifesto by Karl Marx - and it is as obsolete as the Berlin Wall."

Aaron Koenig is the founder and managing editor of BXB.


  1. Is it because the elections are around the corner? I also believe that legitimatizing Bitcoin (1 month before elections), is to-do with the Euro-crisis. Whether for an exit preparation or for non-Euro friendly votes.

  2. There's nothing more legitimate about Bitcoin now than before the new response. On the opposite, it's legal status for the large majority is the same, yet to start a business handling or trading the currency you now need about a million EUR capital upfront, eliminating the possibility to innovate as a small business without VC, not even speaking of certifiably qualified management staff and so on. It's a big slap in the face with regulation and taxation, without giving any benefit to everyday usage and transactions.

  3. bitcoin sites is really a decentralized peer to be able to peer crypt-currency, as well as the first connected with its kind. This really is single of any just about all fascinating innovations in finance within no less than ones last hundred years.